The share price of AIM listed London quoted UK Oil and Gas Investments (UKOG) jumped 75% in early morning trading today. The announcement of a significant discovery and report given to them by US-based Nutech Ltd, one of the world’s leading companies in petrophysical analysis and reservoir intelligence, estimates that the Horse Hill well in […]

The Office for National Statistics (ONS) released their figures for February showed that the trade deficit widen to £2.9 billion from £1.5 billion in January. The release highlighted that the trade in oil, the monthly deficit on oil was virtually unchanged at £0.7 billion in February 2015. Weak Pound The release from the ONS said […]

Over the last few decades Chinese growth figures have been the envy of central banks around the globe. The back-to-back years of double digit GDP have now slowed to “only” around 7%. Recent macro data from China has disappointed markets, with the indicators pointing to a further slowdown in economic growth. The expansion has been […]

The ONS released their Labour Market Statistics for February 2015 this morning showing a distinct improvement and signs of a very healthy labour market which can only be good for the current government and specifically David Cameron. http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/february-2015/index.html Employment is up 103k from 3Q, leaving our Unemployment Rate at 5.7%, its lowest since mid-2008. Average […]

The Consumer Prices Index (CPI) inflation data released this morning from the ONS http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/january-2015/index.html shows inflation dropping to its lowest level since records began in 1989. It grew by 0.3% in the year to January 2015, down from 0.5% in December 2014. Falling prices for motor fuels and food were cited as the main contributors. This data […]

Cable looks like it is sitting at a very interesting level at the moment: There has been a down-trend on the currency pair dating back from July 2014. A pretty strong trend line which is currently splitting today’s daily bar Taken from the last swing high on 31st Dec 2014 the price has retraced from […]

The estimate for UK Q4 GDP missed expectations, with a slightly softer reading of 0.5%, versus the median expectation of 0.6%. The economic growth for the UK economy has become sluggish, during the worst period of the economic crisis, GDP contracted by 6.0% (Q1 2008 – Q2 2009). In the last MPC minutes, all 9 participants voted to […]

The Bank of England MPC has just announced (12.00pm London) that they have as expected left interest rates and asset purchases unchanged. Current base interest rate: 0.5% Asset purchases (QE): £375bn The minutes for today’s MPC meeting will be released on Wednesday 21 2015. Traders will be eager to see if there has been a […]

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